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Samples in periodicals archive:
said Wednesday weak sales of machinery used to make semiconductors pushed it into the red in the quarter to June, as it downgraded its full year forecast.
said Ryland is probably being conservative in its first quarter estimate and he is comfortable with the full year forecast.
Japanese tyre-maker Bridgestone said Friday it suffered a 30 percent drop in interim net profit and slashed its full year forecast due to soaring raw material costs.
The company also issued new guidance, increasing its full year forecast to $4.
Six of the eight covering analysts have revised their full year forecasts over the past month.
Following the report, five of the seven covering analysts cut their full year forecasts, resulting in a three-cent decline in the consensus estimate to 93 cents per share.
Three of the four covering analysts slashed their full year forecasts in response, causing the consensus estimate for 2005 profits to fall to 80 cents per share from $1.
Declines in same-store sales at Kmart and domestic sales at Sears left analysts less optimistic about the future, however, as is evident by the reduction in full year forecasts.